1200 point measured move to 11,500 level forthcoming.
A break of the uptrend channel and holding below it has confirmed a change of character. The market entered a distribution phase. Several days of action have established a balance area with distinct edges. The last trading session has created a potential spring (in Wyckoff terms). This is something to watch going forward. If this is the case it may lead to a...
I said in my previous idea that I went long at 12672 and below are the reasons why. - Was hovering slightly over the weekly 20EMA which has been great dynamic support for the index over the last year. - NDX appears to be forming a flat bottom at 12760 and we can see how well that has been holding since January; it is also the 0.618 FIB from Feb. highs to...
I went back 7 months to check what traditionally happens the day after PCQI (NQ Put/Call) hits 1.00 or higher. If the next day was green I made the line green, etc. Out of the last 18 times, Bears got the next day right only 3 times. So 16% correct. 2 of those times the PCQI was at 2.0, so Bulls were also shorting. Meaning when PCQI only hit ~1.0 Bears were only...
just some stochs to watch if it breaks hard, rising rates are scaring the chickens to sell but the market can /will rise with the rates as the Fed cannot buy ALL the bonds as the sheeple are fleeing to hard assets. Home prices to rise as commods rise with rates and better buy today for mortgage will be higher tomorrow gig.
Very important structures here. On this daily chart, take notice of the pink lines from the weekly chart (from below) which are continued. Look how many retests that megaphone did on thedaily - 5 throwback retests in total. Right now, we are in a broadening wedge (bearish) and I fully anticipate it will break down to strong support at 12,500 area. Take a look at...
Move up overnight with a sharp move back down to take out stops.
Hello traders, Nasdaq/US100 signals we bought last night 12800 exited @ 12855--> +55 Total in 5 days --> + 672 points 💰💰💰 Let us know in the comment section below if you have any opinions or questions. And PLEASE smash the LIKE button. 😉
Looks to me like we get the usual Friday afternoon pump, a gap up Monday then selling resumes. Not playing it, might as well wait until Monday. If MFI gets overbought again, then short. Also, intraday chart pattern for indices, especially $SPX looks a lot like Tuesday.
Applying the pure price action concept on NQ on a Friday. This tool is powerful when you submit to it and stop fighting it.
For 2/26 #nq_f * Y'day balance 13149 * ON balance 12799 * Weekly balance 13101 * Control 13017-147 * Longs above 12966 target 13128 then 13266-466 * Shorts below 12966 target 12867 then 12784-649 *
NQ, ES, YM, and RTY MFI all oversold so probably a bounce today but don't sure me if it doesn't go up, lol. It will probably fade the gap up a bit before heading higher. Chart looks the exact opposite as yesterday, nice whipsaw, lol. Probably staying out, not feeling very bullish, but yields went down overnight, so it should go up.
Chart says all. I do not pretend to know WTH is gonna happen tomorrow, can't even see 20 seconds into the future fgs. IF this plays like I think it might, gonna get Beary Ugly PDQ. See divergent indicators; the major indexes also diverge, DJI at new ATH while this struggles back to the breakout point. Gonna reject under the TL IMO. I'd short this in QQQ March...
Hi mates there is my opinion on next market movement on CME_MINI:NQ1! NASDAQ:QQQ in couple weeks and months ahead. In smaller 4H timeframe already formed head & shoulders pattern which yesterday touched its neckline. But i mean this pattern will fail and price going to form right shoulder on daily and will retest upper trend line of price channel. Today lot...